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Thursday, January 9, 2025

FINANCE

African Banks Establish Presence in China amid Push for De-Dollarization

(Mike Maharrey, Money Metals News Service) African banks are opening branches in Chinese cities in an effort to tap into growing trade ties between African nations and China. Meanwhile, China is encouraging more yuan-based transactions, hoping to push the dollar to the sidelines. In October, Access Bank UK, a Nigerian Access...

Gold Price Likely Suppressed by Concentrated Shorting, Could Explode

(Chris Powell, Money Metals News Service) At long last, complaints of gold price manipulation and suppression got some respect this week from the Official Monetary and Financial Institutions Forum, a London-based group connected with central banks. The group published a long paper heralding gold's restoration to the center of the...

U.S. Treasury Sec. Says ’Sorry’ for Ruining Economy

(Dmytro “Henry” Aleksandrov, Headline USA) U.S. Treasury Secretary Janet Yellen, appointed by Joe Biden, recently apologized for ruining the American economy. Fox News reported that Yellen apologized during the Wall Street Journal's CEO Council Summit after Greg Ip, the Journal's chief economic commentator, said that Biden and Yellen are leaving...

Meta, Amazon Founders Continue Sucking Up to Trump

(Dmytro “Henry” Aleksandrov, Headline USA) The founders of Meta and Amazon recently showed Americans that they are willing to continue sucking up to President-elect Donald Trump to be on his good side, which would benefit their businesses. The Wall Street Journal reported that Mark Zuckerberg's Meta had contributed $1 million to...

REPORT: New York Population Could Shrink by Millions in Coming Years

( Chris Wade, The Center Square) New York's population could decline by more than 2 million people over the next 25 years as fewer people are born in the state and more people move out, according to a new report. https://twitter.com/PADCornell/status/1856784358255866364 The study by Cornell University's Jeb E. Brooks School of...

Google Goes ‘Woke’ with ‘Nonbinary’ Influencer Ad

(Maire Clayton, Headline USA) Google was met with backlash after releasing a "woke" Christmas ad featuring a nonbinary influencer wearing female clothing. The ad featured TikTok star Cyrus Veyssi and had the influencer searching for skincare products through Google shopping. "This winter dryness is not it," Veyssi said. "Especially when I...

Biden Kicks off Fiscal 2025 w/ Biggest Deficit Ever

(Mike Maharrey, Money Metals News Service) Through the first two months of fiscal 2025, the Biden administration managed to run a $624.21 billion budget. It's the biggest shortfall to start a year on record. The November deficit came in at $366.76 billion, according to the Monthly Treasury Report. That was 16.8 percent...

DNC Official: Donors ‘Discarded’ as Dems Gear Up for Christmas Party

(Julianna Frieman, Headline USA) Lindy Li, a member of the Democratic National Committee’s finance committee, said Wednesday on NewsNation that her party’s donors “feel discarded” as top Democrats ignore them and divert their attention to holiday festivities. Li, who donated to the Harris campaign, revealed that many Democrat donors told her...

Angry Dems to Hold Biden’s Library Hostage Over Hunter’s Pardon

(Julianna Frieman, Headline USA) Top Democrats threatened to withhold funding for President Joe Biden’s future presidential library over the pardon of first son Hunter Biden, Axios reported Thursday. The report indicates that high-profile Democrats are “furious” about Biden’s decision to pardon his son, which critics have panned as a short-sighted and...

November CPI Came In ‘As Expected’ Showing Inflation Is Sticky

(Mike Maharrey, Money Metals News Service) It seems the best we can hope for on the inflation front is a CPI report “in line with forecasts.” The mainstream media was giddy, and the markets responded positively to the November CPI report because every metric came in as expected. But the report...

Why Gold Still Reigns Supreme in the Age of Bitcoin

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey explored the rocky relationship between Bitcoin, gold, and their roles in today’s financial world. Sharing personal stories, market trends, and insights, Maharrey broke down the similarities and differences between these two assets. He also...

3 Ways to Buy Gold Without Breaking the Bank

(Joshua D Glawson, Money Metals News Service) When people first learn about investing in precious metals, especially gold, a common response is how much it costs to buy an ounce of gold in the form of a gold coin, gold bullion round, or gold bar. Indeed, the price of gold...
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